Novosti i prognoe: tržište kapitala od 29-04-2014

European stocks climbed ahead the publication of Eurozone’s inflation report on Wednesday. Stock markets were supported by the better-than-expected earnings reports. Market participants were unimpressed by the worse-than expected Spanish unemployment rate and German CPI.

Spain’s unemployment rate rose to 25.9% in the first quarter from 25.7% in the fourth quarter of 2013. The fourth quarter figure was revised down from 26.0%. Analysts forecasted the fall to 25.6%.

German CPI decreased 0.2% in April (March: +0.3%). Analysts forecasted the decline of 0.1%.

Nordea Bank AB shares jumped 3.5% due to its revenue increased 4.7% in the first quarter.

Statoil ASA was up 4.5% after beating its earnings forecast.

Nokia Oyj climbed 2.6 percent after naming a new chief executive officer.

PSA Peugeot Citroen dropped 1.6%.

ABB Ltd. shares - the world’s largest maker of power transformers - declined 7.1% after reporting the 18% fall of its first-quarter net income.

Indexes on the close:

Name                                   Price                                    Change                 Change %

FTSE 100                              6,769.91                              +69.75                     +1.04%

DAX                                      9,584.12                              +137.76                   +1.46%

U.S. stock futures rose after earning results from Merck & Co. topped estimates and the Federal Reserve begins a two-day policy meeting.

Global markets:

Hang Seng 22,453.89 +321.36 +1.45%

Shanghai Composite 2,020.34 +16.85 +0.84%

FTSE 6,748.95 +48.79 +0.73%

CAC 4,486.99 +26.46 +0.59%

DAX 9,558.18 +111.82 +1.18%

Crude oil $101.27 (+0.73%)

Gold $1297.80 (-0.16%)

(company / ticker / price / change, % / volume)

Upgrades:

Hewlett-Packard Co (HPQ)  upgraded to Outperform from Sector Perform at Pacific Crest

Barrick Gold (ABX) upgraded to Neutral from Underweight at HSBC Securities, target raised to $18 from $17

Downgrades:

Other:

Coca-Cola (KO) initiated at Buy at Nomura

Walt Disney (DIS) reiterated at Outperform at FBR Capital, target raised to  $96 from $85

European stocks climbed due to the better-than-expected earnings reports. Market participants were unimpressed by the worse-than expected Spanish unemployment rate. Spain’s unemployment rate rose to 25.9% in the first quarter from 25.7% in the fourth quarter of 2013. The fourth quarter figure was revised down from 26.0%. Analysts forecasted the fall to 25.6%.

Nordea Bank AB shares jumped 3.2% due to its revenue increased 4.7% in the first quarter.

Statoil ASA was up 4.0% after beating its earnings forecast.

Nokia Oyj climbed 7.1 percent after naming a new chief executive officer.

PSA Peugeot Citroen dropped 5.57% after offering stock to investors at 6.77 euros a share.

ABB Ltd. shares - the world’s largest maker of power transformers - declined 6.9% after reporting the 18% fall of its first-quarter net income.

Current figures:

Name                                   Price                                    Change                 Change %

FTSE 100                              6,744.58                              +44.42                     +0.66%

DAX                                      9,555.4                              +109.04                     +1.15%

CAC 40                                 4,481.92                              +21.39                     +0.48%

Asian stock markets showed a mixed trend. The Japanese stock market was closed for a public holiday. The Chinese stock indexes were up due to speculation that the government will take steps to boost the economy.

Indexes on the close:

Nikkei 225                    closed

Hang Seng                   22,453.89     + 321.36     +1.45%

Shanghai Composite    2,020.34       +16.85        +0.84%

Newcrest Mining dropped 3.1% caused by the price decline of the bullion.

Samsung Electronics declined 2% after reporting its weaker-than expected quarter results.